A-Share Movers | Shun Na Co., Ltd. Plummets Nearly 9%, Shareholder Zhang Mingyuan with Over 5% Stake Reduces Holdings by 0.9988%

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Gelonghui March 20 — Shun Na Shares (000533.SZ) fell 8.77% to 16.95 yuan, with a total market value of 11.71 billion yuan; over the past three trading days, the stock has declined more than 17%. Shun Na announced that shareholder Zhang Mingyuan, who owns more than 5% of the company, reduced his holdings by 6.9 million shares through centralized bidding from March 12 to March 18, 2026, representing 0.9988% of the total share capital. After the reduction, his shareholding decreased from 7.89% to 6.89%. The plan for this reduction has been completed, and it did not lead to a change in control of the company, nor did it affect the company’s governance structure or ongoing operations. (Gelonghui)

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